The recession is over… or is it? – Some of your Questions Answered
Since I’ve started series o articles on the fractal-lattice-nodes theory of Economics, I’ve received literally hundreds of emails. Some of them with praise some… hmmm … opposite, others with questions. I can not physically answer all of your questions but before continuing with articles I feel obliged to give at least some answers, as they also might help my other readers to understand more serious aspects of the theory.
I am not going to give names or emails and might rephrase some of the questions, but I believe the author would recognise his / her question.
Q. Are you an economist?
A. No, I am not. I have a degree in Theoretical Physics and also do strategic eMarketing.
Q. I work for <…> Bank for many years and I don’t think that you understand banking.
A. The main point is, banking can have many aspects and details but I am not going to get into all of them. The idea behind the theory is simple. There are limited resources (estates, equity, etc.) in the world. To keep system stable their real value and “banking value” should at least match. It is something similar to the energy conservation law. If the law is broken – system becomes unstable. I do understand how the law works, and I can put it mathematically by implying new concepts – connections. Based on this concept fractals and lattice model explains all processes in the economy. If you want me to explain the particular specific aspect of financial market based on the theory – let me know. But I simply can’t put each and every detail into the picture.
Q. So what do you think should be done?
A. I’ve already spoke about it but more detailed explanation is planned for future articles.
Q. You are talking about mathematical modelling but I can’t see any math…
A. Well, not all my readers would understand or be interested in mathematical details. I am going to give some calculations later. At the same time I am not planning to reveal the entire model. First of all many bits and pieces from my articles are already been “stolen” without giving any credit. Second, some of my concepts especially way of calculating precise “value” of the connection are not open part of the theory. But some math is on its way.
Q. Do you have any prove that theory works?
A. I’ve already explained lots of things based on the theory, haven’t I? Even made some predictions. More to come.
Q. Do you think economists would accept what you are writing here?
A. No (at least not openly).
Q. Do you think that banks might follow your advice?
A. See above
Q. Why you are writing all this?A. Good question. Because I want people to think about how the system works not about what elements of the system say or do.
Q. Could the situation be improved and further crashes avoided?
A. Yes. But it doesn’t mean that it would.
Q. I don’t understand what you mean by connections. How can they affect economy?
A. OK, think of … Google. What they have is connections (people “connecting” to them on a daily basis). Now see what Google is worth these days. Well, this is a very simplified and not mathematically correct explanation.
…to be continued.
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